期刊文献+

国际商业票据市场监管方式最新变化及启示 被引量:6

Regulatory Evolution in International Commercial Bills Market
下载PDF
导出
摘要 商业票据市场是典型的受管制的可转让证券市场,也是货币市场的重要组成部分。本文介绍了国际商业票据市场的监管框架,重点对国际商业票据市场监管方式的最新发展情况进行了分析,并深入探讨了这种变化对商业票据市场的重大影响;最后结合我国短期融资券市场的现状,提出了我们应当借鉴的经验和采取的政策。 Commercial bills market is a typical regulated securities market, a significant part of capital market. This paper reviews the regulatory pattern of international commercial bills market, with more emphasis on the latest regulatory evolution. The author makes a deep analysis of how this change is affecting the market. He also makes policy proposals relating to Chinese short-term notes market.
作者 胡松
出处 《证券市场导报》 CSSCI 北大核心 2007年第11期55-60,共6页 Securities Market Herald
关键词 商业票据 市场监管 信用评级 信息披露 commercial bills market regulation credit rating information disclosure
  • 相关文献

参考文献8

  • 1J.S. Alworth and C.E,V.Borio Commercial Paper Markets: A Survey BIS Economic Papers, No.37, Apri 1993.
  • 2Pu Shen, Why Has the Nonfinancial Commercial Paper Market Shrunk Recently?[R] Economic Review, Federal Reserve Bank of Kansas City, 2003.
  • 3Short-term rating performance and corporate commercial paper default, Global Credit Research, Moody' s Investors Service, 1972-2004.
  • 4Cooke, Timothy Q., Determinants of the Spread between Treasury Bill Rates and Private Sector Money Market Rates[J], Journal of Economics and Business, Spring/ Summer, 1981,177-187.
  • 5Jones, Robert A., Joseph M.Ostroy, Flexibility and Uncertainty[J].Review of Economic Review, March 1983, 78-98
  • 6J. Peter Ferderer, Stephen C. Vogt, Ravi Chahil, Liquidity, Uncertainty, and the Declining Predictive Power of the Paper-Bill Spread, No. 119,1994,Clark University Working Paper.
  • 7Bemake, Ben S., On the Predictive Power of Interest Rates and Interest Rate Spreads[J], New England Economic Review, Nov-Dec 1990, 51-68.
  • 8Friedman, Benjamin M,, Kenneth N, Kuttner, Why Does the Paper-Bill Spread Predict Real Economic Activity?In New Research in Business Cycles: Indicators and Forecasting[M].James H. Stock and Mark W. Watson, eds.,Chicago: University of Chicago Press, 1993, 213-249.

同被引文献75

引证文献6

二级引证文献12

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部